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Independent Spanish Restaurant Company (South) Limited

12362009

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
10/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)

Details

FLAT 1, 161 STATION ROAD, SIDCUP, DA15 7AA
Incorporated 13/12/2019

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

56101
Licensed restaurants

Officers

Mr James Edward Picton

director · Since 13/12/2019

DIRECTOR

BRITISH · UNITED KINGDOM · Age 48

Also on 19 other boards

Persons with Significant Control

Mr James Edward Picton

75–100% shares
75–100% votes
Appoint directors

British · United Kingdom · Age 48

Flat 1, 161 Station Road, Station Road, Sidcup, DA15 7AA

Notified 13/12/2019

Charges0 outstanding

Charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 28/07/2022Registered 05/08/2022Satisfied 21/02/2023

CompanyRankvs 9738+ SIC 56101 peers
61

Financial strength78th percentile among SIC peers · 20/25
Employees86th percentile among SIC peers · 13/15
LiquidityCurrent ratio 0.65× · 6/20
Longevity7 years trading (max 15) · 7/15
Filing complianceAll filings up to date · 15/15
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9738Independent Spanish Restaurant Company (South) Limited
56
How is this score calculated?
Financial strength20/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees13/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity6/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity7/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 31/10/2024

Net Worth

£44k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

£103k

Working capital

Current Assets

£193k

Current Liabilities

£296k

Fixed Assets

£72k

18avg. employees-2

Balance Sheet

Assets less current liabilities£31k
Prepared with Companies House

EstimatesDerived

YearCurrent RatioImplied Profit
20240.65-£14k
20230.91+£502k
20220.13-£157k
20210.22-£151k
20200.38—

Derived from filed accounts. Not audited figures.